{"id":18044,"date":"2025-07-18T04:20:06","date_gmt":"2025-07-18T04:20:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/18044\/"},"modified":"2025-07-18T04:20:06","modified_gmt":"2025-07-18T04:20:06","slug":"cbia-response-to-june-2025-employment-report-cbia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/18044\/","title":{"rendered":"CBIA Response to June 2025 Employment Report \u00bb CBIA"},"content":{"rendered":"<p>The state\u2019s largest business organization issued the following response to today\u2019s release of the <a href=\"https:\/\/www1.ctdol.state.ct.us\/lmi\/laborsit.pdf\" rel=\"nofollow noopener\" target=\"_blank\">June 2025 employment report<\/a>.<\/p>\n<p>\u201cIt\u2019s encouraging to see June\u2019s preliminary 6,300 job gain\u2014reversing last month\u2019s revised 4,200 losses,\u201d said CBIA president and CEO Chris DiPentima.<\/p>\n<p>\u201cIn the first six months of the year, we\u2019ve gained a modest 2,600 jobs, spurred in part by gains in the public sector and healthcare industry.<\/p>\n<p>\u201cJob demand <a>remains<\/a> strong\u2014there were 15,000 new job postings in the last week, according to the Department of Labor\u2014and we still have 80,000 job openings.<\/p>\n<p>\u201cHowever, the wild swings that we\u2019ve seen in the job market highlight the volatility in Connecticut\u2019s economy.<\/p>\n<p>\u201cConnecticut\u2019s economy contracted for the first time in over three years in the first quarter of 2025 amid tariff concerns, slower consumer spending, and labor market struggles.<\/p>\n<p>\u201cIt\u2019s particularly concerning to see the decline in manufacturing jobs.<\/p>\n<p>\u201cEven factoring in the 3,000 manufacturing workers who were on strike in May, the industry has seen a decline of 1,200 jobs since April.<\/p>\n<p>\u201cThere are an estimated 7,000 open manufacturing jobs\u2014reflecting challenges employers face from an aging workforce and increasing costs of housing and energy.<\/p>\n<p>\u201cWhile Connecticut has seen tempered growth\u2014reflected by CNBC\u2019s just-released 2025 America\u2019s Top States for Business study\u2014policymakers must address our long-standing challenges and enact solutions to make this a more affordable place to live, work, and do business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The state\u2019s largest business organization issued the following response to today\u2019s release of the June 2025 employment report.&hellip;\n","protected":false},"author":2,"featured_media":18045,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[28,16720,134,16721,16722],"class_list":{"0":"post-18044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-connecticut-economy","10":"tag-jobs","11":"tag-jobs-report","12":"tag-workforce"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/18044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=18044"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/18044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/18045"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=18044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=18044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=18044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}